|
|
The "price" of diversification
07-14-2005, 11:54 PM
|
#1
|
Recycles dryer sheets
Join Date: Jul 2002
Posts: 422
|
The "price" of diversification
2 (small) up days in the market while my portfolio went south.... :P
Still beating the general market YTD though.
Cheers!
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
Re: The "price" of diversification
07-15-2005, 01:04 PM
|
#2
|
Recycles dryer sheets
Join Date: Oct 2003
Posts: 452
|
Re: The "price" of diversification
But I'll bet that there are some days when the market goes down and your portfolio goes up ? Right ? Those are really 'feel good' days.
|
|
|
Re: The "price" of diversification
07-15-2005, 01:22 PM
|
#3
|
Thinks s/he gets paid by the post
Join Date: Jul 2004
Posts: 1,428
|
Re: The "price" of diversification
ben, If misery loves company, I'm your lady. I went to see all the UP and, same as you. Next week is "supposed" to be down; maybe better to not look.
|
|
|
Re: The "price" of diversification
07-15-2005, 01:50 PM
|
#4
|
Recycles dryer sheets
Join Date: Oct 2004
Posts: 408
|
Re: The "price" of diversification
I guess we should have been in "growth"
|
|
|
Re: The "price" of diversification
07-15-2005, 02:33 PM
|
#5
|
|
Re: The "price" of diversification
I rarely watch the market anymore. I have no idea of where I'm at currently YTD. I look when I have to rebalance.
Since I am commited to taking 'no action', watching the market is silly.
|
|
|
Re: The "price" of diversification
07-15-2005, 02:57 PM
|
#6
|
Recycles dryer sheets
Join Date: Oct 2003
Posts: 452
|
Re: The "price" of diversification
silly , but fun nonetheless,,,especially when going up.
My wife laughs at me for 'counting my money' all the time, can't help it...
my Dad did it, my son does it, and I do it,,, must be genetic !
.
Ray
|
|
|
Re: The "price" of diversification
07-15-2005, 03:00 PM
|
#7
|
Moderator Emeritus
Join Date: Feb 2005
Location: San Diego
Posts: 5,267
|
Re: The "price" of diversification
I calculate my portfolio balance on a daily basis, totally ridiculous. But it only takes a minute to add up 5 accounts on line. I just enjoy when I "pop" over into the next ten thousands. Hey, some play minesweeper, I play account counter!
|
|
|
Re: The "price" of diversification
07-15-2005, 03:26 PM
|
#8
|
Moderator Emeritus
Join Date: Jul 2005
Posts: 2,811
|
Re: The "price" of diversification
My Money program keeps me up to date.* I check it each night......I know..anal retentive* (is that hypenated?)*
It is nice to know if you were up or down for the day; I guess I am easily entertained* .
I really have way too much time invested in this stuff to let it all just go.* I am calculating my exit strategy down to the dollar, even though I know I don't need to.* I try to explain it all to DW but she just says "you take care of that, but maker sure we won't be eating cat food when we are 80".* *:P
No Worries Mate!* We are on track to be eating at least a high grade of dog food by then.*
Guess I need a hobby.*
__________________
Work? I don't have time to work....I'm retired.
|
|
|
Re: The "price" of diversification
07-15-2005, 03:32 PM
|
#9
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
|
Re: The "price" of diversification
Doesn't Bernstein refer to this as "tracking error"?
__________________
Have Funds, Will Retire
...not doing anything of true substance...
|
|
|
Re: The "price" of diversification
07-15-2005, 03:42 PM
|
#10
|
Thinks s/he gets paid by the post
Join Date: Dec 2002
Posts: 3,875
|
Re: The "price" of diversification
Quote:
Originally Posted by SteveR
My Money program keeps me up to date.* I check it each night......I know..anal retentive* (is that hypenated?)*
It is nice to know if you were up or down for the day; I guess I am easily entertained* .
I really have way too much time invested in this stuff to let it all just go.* I am calculating my exit strategy down to the dollar, even though I know I don't need to.* I try to explain it all to DW but she just says "you take care of that, but maker sure we won't be eating cat food when we are 80".* *:P
Do Worries Mate!* We are on track to be eating at least a high grade of dog food by then.*
Guess I need a hobby.*
|
Not necessarily. For years, in every idle moment, I would work up my net worth
on place mats, cocktail napkins, the daily paper, etc. A harmless distraction
in my view.
JG
|
|
|
Re: The "price" of diversification
07-15-2005, 07:32 PM
|
#11
|
Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
|
Re: The "price" of diversification
I update my spreedsheet every two or three days. It takes about 5 minutes. YTD is almost 5% - not bad relative to the overall market.
__________________
May we live in peace and harmony and be free from all human sufferings.
|
|
|
Re: The "price" of diversification
07-15-2005, 07:40 PM
|
#12
|
Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,450
|
Re: The "price" of diversification
"every two or three days. It takes about 5 minutes"
I like the cocktail napkins approach. I probably will update mine at the end of the year just to see where I am.
__________________
- Hurry! to the cliffs of insanity!
|
|
|
Re: The "price" of diversification
07-15-2005, 10:23 PM
|
#13
|
Recycles dryer sheets
Join Date: Jul 2002
Posts: 422
|
Re: The "price" of diversification
He he - some good and honest replies!
I would like to say something cool about me only checking once a month or year but I can't help checking and also consider it a hobby as well as a FIRE-job to keep track. I also analyze new funds/products and potential tinkering and re-balancing.
And yeah I love the days when the overall market(s) are down or flat but my portfolio is up and fortunately there has been more of those!
Up 4-5% on base portfolio and closer to 6% if include the extra stuff (not RE).
Cheers!
|
|
|
Re: The "price" of diversification
07-15-2005, 11:16 PM
|
#14
|
|
Re: The "price" of diversification
Quote:
silly , but fun nonetheless,,,especially when going up.
|
Exactly! I went a whole week without checking last month, just to see if I could do it. But now I'm back to once-a-day checking.
|
|
|
Re: The "price" of diversification
07-16-2005, 04:59 AM
|
#15
|
Thinks s/he gets paid by the post
Join Date: Dec 2002
Posts: 3,875
|
Re: The "price" of diversification
Quote:
Originally Posted by TromboneAl
Exactly!* I went a whole week without checking last month, just to see if I could do it.* But now I'm back to once-a-day checking.*
|
Sounds like my Dad who stops drinking periodically to make sure he can
still do it. The guy is almost 88 for crying' out loud. He could be drunk by noon
and what difference would it make?J NO one would care (or maybe even notice)
JG
|
|
|
Re: The "price" of diversification
07-16-2005, 05:55 AM
|
#16
|
Thinks s/he gets paid by the post
Join Date: Feb 2004
Location: Mid Hudson Valley
Posts: 1,781
|
Re: The "price" of diversification
Spank my behind and call me a chubby checker! I sit in the laz-y-boy and tally my brokerage accounts almost every morning. BUT (and this is a big but) it really makes no difference.
For DW's benefit I charted our portfolio's daily values and overlaid the DJIA. Guess what... very little correlation. Not too much of a surprise since our allocation is:
50% cash (various taxable and t/free)
25% equities
25% bonds
No divvies reinvested. All go into cash, then into something else when I figure out what that something else is.
BUM
ps Thanks ben. I've picked up alot of investment advice from regular contributors here. You got me looking at PCRIX and VEIEX... now own them both. Exchanged my VEURX for VEIEX to include far east exposure.
__________________
In a panamax down by the river.
|
|
|
Re: The "price" of diversification
07-16-2005, 06:10 AM
|
#17
|
Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
|
Re: The "price" of diversification
Cut Throat is the most amazing early retiree. He doesn't stew about money or whether there will be enough. He seems so comfortable in his skin. Plus he seems to have a lot of fun and takes nice pictures.
__________________
.
No more lawyer stuff, no more political stuff, so no more CYA
|
|
|
Re: The "price" of diversification
07-16-2005, 06:20 AM
|
#18
|
Thinks s/he gets paid by the post
Join Date: Feb 2004
Location: Mid Hudson Valley
Posts: 1,781
|
Re: The "price" of diversification
Quote:
Originally Posted by Martha
Cut Throat is the most amazing early retiree. He doesn't stew about money or whether there will be enough. He seems so comfortable in his skin. Plus he seems to have a lot of fun and takes nice pictures.
|
Can't be too much of a worry-wart when you live in minnesota. I getting the same effect in hurricane alley. I'm learning not to worry. It doesnt do any good.
__________________
In a panamax down by the river.
|
|
|
Re: The "price" of diversification
07-16-2005, 07:10 AM
|
#19
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
|
Re: The "price" of diversification
Worry is great fun - once you learn not to take yourself too serious. Comes natural to me - doesn't stop me from going out to play.
I call it formulating a back up plan - when I slip and get serious.
Heh, heh, heh
|
|
|
Re: The "price" of diversification
07-16-2005, 08:54 AM
|
#20
|
Recycles dryer sheets
Join Date: Jul 2002
Posts: 422
|
Re: The "price" of diversification
Chubby checker ; you are welcome but I DO charge a beer in fees!
All my divies goes to cash too - and if anything left after spending it will be used for re-balancing.
Cheers!
Quote:
Originally Posted by BUM
Spank my behind and call me a chubby checker! I sit in the laz-y-boy and tally my brokerage accounts almost every morning. BUT (and this is a big but) it really makes no difference.
For DW's benefit I charted our portfolio's daily values and overlaid the DJIA. Guess what... very little correlation. Not too much of a surprise since our allocation is:
50% cash (various taxable and t/free)
25% equities
25% bonds
No divvies reinvested. All go into cash, then into something else when I figure out what that something else is.
BUM
ps* Thanks ben. I've picked up alot of investment advice from regular contributors here.* You got me looking at PCRIX and VEIEX... now own them both. Exchanged my VEURX for VEIEX to include far east exposure.
|
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|